Mild

The 2012 Atlantic hurricane season, which has so far been relatively mild, may be about to intensify, according to Weather Services International (WSI), which last week increased its forecast to 14 named storms, including seven hurricanes, three of them major (Category 3 or higher). Tropical Storm Isaac, the ninth named storm of the season, on Friday seemed poised to prove WSI’s point.

The 2012 Atlantic hurricane season, which has so far been relatively mild, may be about to intensify, according to Weather Services International (WSI), which increased its forecast to 14 named storms, including seven hurricanes, three of them major (Category 3 or higher).

Natural gas storage companies say they are not concerned that Pennsylvania will run out of underground capacity, despite last winter’s mild weather, higher-than-normal amounts of gas already in storage and increased production from the Marcellus Shale.

Natural gas storage company personnel say they are not concerned that Pennsylvania will run out of underground capacity, despite last winter’s mild weather, higher-than-normal amounts of gas already in storage and increased production from the Marcellus Shale.

Natural gas storage companies say they are not concerned that Pennsylvania will run out of underground capacity, despite last winter’s mild weather, higher-than-normal amounts of gas already in storage and increased production from the Marcellus Shale.

Record-high natural gas working inventories, which are bulging after mild temperatures held down demand through the winter, have prompted the Energy Information Administration (EIA) to once again revise downward its projection for natural gas prices this year.

Record-high natural gas working inventories, which are bulging after mild temperatures held down demand through the winter, have prompted the Energy Information Administration (EIA) to once again revise downward its projection for natural gas prices this year.

The large independent electricity generator has reactivated natural gas-fired plants in Texas expecting a profitable summer

Physical natural gas prices at virtually all points suffered an average 6-cent drubbing as weekend temperatures were expected to be on the mild side. Only a handful of points posted gains. Southern California was hit with double-digit declines as a temporary outage at a nuclear plant was expected to be resolved. Futures rallied on weekend short-covering, and traders see further buying should prices settle about another 10 cents higher. June futures rose 6 cents to $2.186, and July gained 5.7 cents to $2.299. June crude oil rose 38 cents to $104.93/bbl.